Internal Assignment
Managerial Resources
- Explain the significance of economic analysis in business decision.
Ans. The study of economic systems is known as economic analysis. It could also be an investigation into a manufacturing process or an industry. The goal of the analysis is to identify how well the economy or a component of it is performing. Thus, the monetary appraisal of alternatives for achieving a specific goal is known as economic analysis.
Let us look at a real-life example of economic analysis, a decision-maker may explore new construction, renovation of an existing facility, or leasing another building to meet the need for additional office space. The assessment is based on a cost-benefit analysis of discounted costs and benefits over a sIts Half solved only
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- Discuss the managerial economic is related to economic, statistics, mathematics and accounting.
Ans. Macro Economics, Statistics, Mathematics, Accounts etc., have contributed a lot in the growth of Managerial Economics. D.C. Hague has stated, “Managerial Economics uses the logic of Economics, Mathematics and Statistics to provide effective ways of thinking about business decision
- Enumerate the various methods for maximizing profits.
Ans. The profit maximization theory states that firms (companies or corporations) will establish factories where they see the potential to achieve the highest total profit. The company will select a location
- Illustrate the factors determining price elasticity of demand.
Ans. Price Elasticity of Demand (PED) is an economic tool that measures the change in quantity demanded of a product when there is a fluctuation in its price.
The mathematical equation to calculate Price Elasticity of Demand is given as:
Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price
- If this formula
- Narrate the different methods of forecasting demand for a product.
Ans. Demand forecasting allows manufacturing companies to gain insight into what their consumer needs through a variety of forecasting methods. These methods include: predictive analysis, conjoint analysis, client intent surveys, and the Delphi Method of forecasting, Trend projection, Market research. Demand forecasting is the process of predicting what the demand for certain products will be in the future. It identifies what both current and future customers will want to buy and tells manufacturing facilities what they should actually produce.
Ideally,
Internal Assignment
Human Resource Management
- Discuss the scope of human resource management.
Ans. The scope of Human Resource Management refers to all the activities that come under the banner of Human Resource Management. These activities are as follows.
Human resources planning :-
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- What are the influencing performance appraisal? Discuss in detail.
Ans. The study looked at 498 managers and their behaviours with performance appraisals. Previous research has found that the level of conscientiousness and self-monitoring the managers displays has a significant impact on their performance doing appraisals.
The study looked at
- What do you mean by Selection? Explain the various steps involved in selection process.
Ans. The selection process can be defined as the process of selection and shortlisting of the right candidates with the necessary qualifications and skill set to fill the vacancies in an organisation. The selection process varies from industry to industry, company to company and even amongst departments of the
- Evaluate the recent HR policies and challenges of HRM in India.
Ans. Human Resource Management is a pervasive function of management. It is performed by the managers at different levels in the organisation.
The proper management of the human factor in industry involves careful handling of the relationships among individuals at work in the undertaking. It consists in maintaining these relations on a basis which enables all those engaged in the undertaking to make their best personal contribution to the
- Explain briefly the various methods of job evaluation.
Ans. The Job Evaluation is the process of assessing the relative worth of the jobs in an organization. The jobs are evaluated on the basis of its content and the complexity involved in its operations and thus, positioned according to its importance.
Job Evaluation
Internal Assignment
Marketing Management
- Discuss about the significance of Marketing.
Ans. Though putting steps in any kind of marketing dealing one must know the significance of Marketing Management or the importance of Marketing Management.
Marketing Planning
The basic
- What is marketing research? Elaborate the process of Marketing Research.
Ans. Market research is defined as the process of evaluating the feasibility of a new product or service, through research conducted directly with potential consumers. This method allows organizations
- What are the pricing policies available in modern marketing concept? Discuss in details.
Ans. A pricing policy is a standing answer to recurring question. A systematic approach to pricing requires the decision that an individual pricing situation be generalised and codified into a policy coverage of all the principal pricing problems. Policies can and should be tailored to various competitive situations. A policy approach which is becoming normal for sales activities is comparatively rare in pricing.
The following
- What is PLC? Explain the process of product cycle with suitable example.
Ans. Product life cycles are used by management and marketing professionals to help determine advertising schedules, price points, expansion to new product markets, packaging redesigns, and more. These strategic methods of supporting a product are known as product life cycle management. They can also help determine when newer products are ready to push older ones from the marke
- What do you understand by the term Advertising? Examine the uses of advertising.
Ans. Definition: Advertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.
Advertising is always present, though people may not be aware of it. In today’s world, advertising uses
Internal Assignment
Principles Of Management
- What do you mean by Management? Bring out the important principles of Management?
Ans. Management is the process of planning and organising the resources and activities of a business to achieve specific goals in the most effective and efficient manner possible. Efficiency in management refers to the completion of tasks correctly and at minimal costs. Effectiveness in management relates to the completion of tasks within specific timelines to yield tangible results.
Management is a universal
- Examine the importance of MBO and explain the measurability of management by objective.
Ans. Management by objectives (MBO) is now practiced around the world. Yet, despite its wide application, it is not always clear what is meant by MBO. Some still think of it as an appraisal tool, others see it as a motivational technique, still, others consider MBO a planning and control device. The concept of ‘Management by Objectives’ (MBO) was first given by Peter Drucker in 1954 (The Practice of
- What is mean by Planning? Elaborate the various steps to be followed in planning.
Ans. Planning is the fundamental management function, which involves deciding beforehand, what is to be done, when is it to be done, how it is to be done and who is going to do it. It is an intellectual process which lays down an organisation’s objectives and develops various courses of action, by which the
- Examine the barrier of effective communication.
Ans. The process of communication has multiple barriers. The intended communique will often be disturbed and distorted leading to a condition of misunderstanding and failure of communication. The Barriers to effective communication could be of many types like linguistic, psychological, emotional, physical, and cultural etc. We will see all of these types in detail below.
Linguistic Barriers
The language barrier is one of the main barriers that limit effective communication. Language is the most
- Illustrate the concept of cooperative social responsibility of business.
Ans. Democracies are built upon the spirit of accountability and transparency. Although the ideals that we generally associate with a welfare state such as answerability, shared responsibility, integrated and wholesome development rarely find mention in what the common man perceives as the cut-throat corporate dimension, this lack of association is no better than an illusion in
Internal Assignment
Financial Management
- Discuss the goals of Financial Management.
Ans. The Goal of Financial Management
Financial management plays a critical role in the financial success of a business. Therefore, an organization should consider financial management as a key component of the general management of the organization. The goal of financial management includes the tactical and strategic goals related to the financial resources of the business. Some of the specific roles included in banking administration systems include accounting, bookkeeping, accounts payable and receivable, investment opportunities, and risk.
The goal of Its Half solved only
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- What is meant by Working Capital? Explain different factors determining of working capital?
Ans. ‘Working Capital’ is the term used basically to indicate the financial condition of a firm or an organization in the short term. In other words, it can be called a scale to measure the overall efficiency of the business entity.
To obtain the working capital of
- Elaborate the different sources of long term finance? State the merits of long term sources.
Ans. Long term financing means financing by loan or borrowing for a term of more than one year by way of issuing equity shares, by the form of debt financing, by long term loans, leases or bonds and it is done for usually big projects financing and expansion of company and such long term financing is
- Discuss about Walter’s views on optimum divided pay-out.
Ans. Walter’s Model
Definition: According to the Walter’s Model, given by prof. James E. Walter, the dividends are relevant and have a bearing on the firm’s share prices. Also, the investment policy cannot be separated from the dividend policy since both are interlinked.
Walter’s Model shows the clear relationship between the return on investments or internal rate of return (r) and the cost of
- Explain the various dimensions of receivable management.
Ans. Dimensions of various receivable management, It involves the following aspects:
Aspect 1. Formulation of Credit Policies:
This aspect of receivables management is concerned with deciding about:
- The quality of